Developers face hefty extension charges over unsold units

They may incur up to S$90m from April to December this year and S$238m in 2016 if the market stays quiet: C&W. -BT

S$593 million in GST from imported goods

Data was known earlier because GST payments were made before imported goods were released by the Customs Department. -The Star/ANN

Global banks admit guilt in forex probe, fined nearly $8 billion

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly US$6 billion in another settlement in a global probe into the $5 trillion-a-day market. -Reuters

Do your research before buying these 4 things

Having money is no excuse for not using your brain, so here are 4 things that you should stop and do some research on before you hand over your heard-earned buckaroos. -MoneySmart

Private vs public housing in Singapore: What are the main differences?

Check out MoneySmart's primer on private vs. public housing, before making your purchase. -MoneySmart

More S'pore firms trying to expand reach into Africa

Investments from Singapore into the continent have been growing at more than 11 per cent annually since 2008. -ST

Najib: 1MDB investment turned into assets

The balance of 1Malaysia Development Bhd’s (1MDB) investment US$1.103 billion (S$1.475 billion) has been redeemed in the form of assets, and not in cash. -The Star/ANN

Global tech firms 'eye opportunities' in S-E Asia

UOB unit head lists region’s growing middle class as one of the reasons. -ST

Ten tips for mastering the art of business dinners

According to etiquette expert Jacqueline Whitmore, table manners and social skills can actually make or break business relationships. -CNBC

Senja Gateway flats' living-room tiles 'too rough'

Shoeprints cannot be easily removed from the tiles. -ST

Indonesia government asked to do more to revive oil industry

The sector had been marred not only by the decline in oil production but also a drop in exploration activities. -Jakarta Post/ANN

Alibaba's Jack Ma backs female entrepreneurs

However, they will face more difficulties than their male peers, such as the challenge of maintaining a good work-life balance. -China Daily/ANN

Five big banks face criminal charges and $6.68 billion bill over FX rigging

Four of the five are expected to plead guilty to the charges. -Reuters

Los Angeles raises minimum wage to $20

The move is expected to boost quality of life for hundreds of thousands of its residents. -AFP

Top 6 countries where Singaporeans might actually be able to retire

There's a whole list of countries around the world that offer retirement visas, many with a much lower cost of living. -MoneySmart
 

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Best dressed

Young couple created the perfect urban oasis that's cosmopolitan without being pretentious, and stripped-down without being nondescript, all on their first attempt. -Home and Decor